Which of the Following Terms Describes a Fraud Scheme in Which

question 31

Multiple Choice

Which of the following terms describes a fraud scheme in which two conspiring companies exchange payments and services for the sole purpose of inflating revenues?

• A) billing scheme
• B) kickback
• C) switch contract
• D) swap transaction

---

Definitions:

Unit Cost Data

Information related to the cost required to produce one unit of a product or service, including materials, labor, and overhead expenses.

Single-Price Monopoly

A monopolistic market structure where the monopolist charges the same price for every unit of the product sold to every consumer.

Economically Inefficient

A situation where resources are not used in the most productive way, leading to wasted potential output or outcomes.